Which entity is a public good?

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typical

Gre4nikov [31]

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called Anticipatory inventory.

<h3>What is Anticipatory inventory?</h3>

Anticipatory inventory is the stock that is continued to accord to the normal buyer interest. It is very like wellbeing stock however it contrasts as in this stock is generally kept occasionally when the interest for items can shift enormously.
This inventory enables a company to adapt to changes in customer demand.
It enables the company to constantly provide customer service.
When demand fluctuates, it enables the company to grow its operations.
This inventory type may resemble safety stock quite a bit. It varies from safety stock, though, in that it is kept on hand by the business to handle demand swings. This change reflects the anticipation of rising demand in the near future.
If a scarcity or price increase is anticipated soon, businesses might store more inventory.

Hence, this kind of inventory is frequently referred to as anticipatory inventory, such as when the grocery store orders a huge supply of chocolate candies right before Valentine's Day.

To learn more about inventory refer to:

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3 0

2 years ago

While driving to school, Brandon thinks about his upcoming midterms. When he reaches campus, he realizes that he doesn't remembe

Aleonysh [2.5K]

Klk es una forma de responder esto para pasar el cuarto paso capiche

5 0

3 years ago

Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check

andrezito [222]

Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.

According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

7 0

3 years ago

The MU/P ratio for good X is greater than the MU/P ratio for good Y. To achieve consumer equilibrium, the consumer reallocates d

uysha [10]

Answer:

Falls:rises.

Explanation:

The MU/P (Marginal Utility/Price) ratio for good X is greater than the MU/P (Marginal Utility/Price) ratio for good Y. To achieve consumer equilibrium, the consumer reallocates dollars from the purchase of good Y to the purchase of good X. If the law of diminishing marginal utility holds, the marginal utility of good X falls and the marginal utility of good Y rises.

The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Also, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Hence, the marginal utility of good X falls and the marginal utility of good Y rises because the consumer no longer derive satisfaction or benefits (utility) from the consumption of good X while he would switch to good Y for satisfaction.

7 0

3 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminusbased costing system. The following information is pro

telo118 [61]

Answer:

$12.40

Explanation:

Activity Estimated Indirect Allocation Base Estimated Q. of

Activity Costs Allocation Base

<u>Materials handling $7,700 Number of parts 7,350 parts </u>

<u>Assembling $10,500 Number of parts 7,350 parts </u>

Packaging $2,410 Number of units 1,470 bookshelves

The direct materials cost per bookshelf is $39. What is the cost of materials handling and assembling per bookshelf?

materials handling cost per part = $7,700 / 7,350 parts = $1.05

assembling cost per part = $10,500 / 7,350 parts = $1.43

total cost per part = $2.48

cost per bookshelf = 5 x $2.48 = $12.40

6 0

3 years ago